Mergers and acquisitions (M&A) in the UK financial services sector surged in 2024, marking a 26% year-on-year increase in deal volumes and reaching the highest annual level since 2012, according to EY’s latest financial services M&A analysis.
Wealth and asset management firms led the charge, with growth in both the number and value of transactions. The number of deals in the UK wealth and asset management sector rose from 107 in 2023 to 122 in 2024. Meanwhile, total publicly disclosed deal value skyrocketed from £2.1bn to £9.3bn, which EY suggested reflected an appetite for strategic consolidation and expansion. Across the broader financial services industry, 380 deals were disclosed in 2024, compared to 272 in 2023. The total disclosed value jumped from £12.5bn to £20.2bn. Non-UK firms acquiring UK targets completed 74...
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